Oracle Projects fully integrates with Oracle Purchasing and Oracle Payables and allows you to enter project-related requisitions, purchase orders, and supplier invoices using those products.
When you enter project-related transactions in Oracle Purchasing and Oracle Payables, you enter project information on your source document. Oracle Purchasing, Oracle Payables, and Oracle Projects carry the project information through the document flow: from the requisition to the purchase order in Oracle Purchasing, to the supplier invoice in Oracle Payables, and to the project expenditure in Oracle Projects.
Oracle Purchasing and Oracle Payables use the Account Generator to determine the default account number for each project-related distribution line based on the project information that you enter.
If you define your own detailed accounting rules in Oracle Subledger Accounting, then Oracle Subledger Accounting overwrites default accounts, or individual segments of accounts, that Oracle Purchasing and Oracle Payables derive using the Account Generator. To define your own Oracle Subledger Accounting setup for Oracle Purchasing, you must access the Accounting Methods Builder from an Oracle Purchasing responsibility. Similarly, to define your own Oracle Subledger Accounting setup for Oracle Payables, you must access the Accounting Methods Builder from an Oracle Payables responsibility. For more information, see the Oracle Subledger Accounting Implementation Guide.
Using Oracle Projects views, you can report committed costs of requisitions and purchase orders that are outstanding against your projects in Oracle Projects.
When a supplier is not registered with tax authorities, the purchaser must report and pay the tax. This tax that a purchaser is liable for is called the self assessed tax. The self assessed tax amounts are computed on the supplier invoice however, the amount is not payable to the supplier, but, it is paid to the tax authorities. Self assessed taxes were known as reverse charge or use taxes. Oracle E-Business Tax and Oracle Payables let you calculate and store self-assessed tax amounts. Using this feature the tax amounts are interfaced to Oracle Projects and recorded as a project expense. In Oracle Projects with self assessed tax, the following are possible:
Transfer nonrecoverable tax (whether assessed by supplier or self assessed) to the project on which the expense is incurred
Perform funds check on nonrecoverable self assessed tax lines as they are a cost component
Display cost inclusive of non recoverable self assessed tax on project summary
You can merge suppliers in Oracle Payables to maintain your supplier records. This functionality enables you to merge duplicate suppliers into a single, consolidated supplier. You can use it to merge transactions within the same supplier from one supplier site to a different supplier site. You can also choose to merge all transactions for a supplier into a new supplier, or you can choose to merge only unpaid invoices.
The supplier merge program in Oracle Payables updates the supplier references on related transactions in Oracle Projects.
Other Sources
Oracle Payables and Oracle Purchasing Integration, Oracle Projects Implementation Guide
Supplier Merge Program, Oracle Payables User's Guide